Lake Street Advisors Group LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Lake Street Advisors Group LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,062 shares of the company’s stock after purchasing an additional 58 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Charter Communications were worth $344,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Aviance Capital Partners LLC raised its stake in shares of Charter Communications by 5.0% during the first quarter. Aviance Capital Partners LLC now owns 8,412 shares of the company’s stock worth $2,445,000 after acquiring an additional 397 shares in the last quarter. Hi Line Capital Management LLC purchased a new position in Charter Communications in the 1st quarter worth approximately $5,535,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Charter Communications by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 242,254 shares of the company’s stock valued at $70,406,000 after purchasing an additional 1,467 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Charter Communications by 138.6% during the first quarter. Westside Investment Management Inc. now owns 5,212 shares of the company’s stock valued at $1,515,000 after purchasing an additional 3,028 shares during the period. Finally, Norden Group LLC purchased a new position in shares of Charter Communications in the first quarter worth $828,000. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHTR has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Bank of America upped their price target on Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada assumed coverage on Charter Communications in a report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 price objective for the company. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research note on Monday, September 30th. Finally, Pivotal Research lifted their price target on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $356.41.

Charter Communications Stock Up 1.2 %

CHTR stock opened at $336.00 on Friday. The business has a 50 day moving average of $334.15 and a 200 day moving average of $309.35. The firm has a market cap of $48.39 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $424.86. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period last year, the company earned $8.05 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Charter Communications, Inc. will post 32.42 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.